FILE Grinds Higher at $0.99 as Smart Money Holds Strong

FILE is hovering around $0.99, just one cent below the psychological dollar mark of $1.00.

This token has been coiling under immediate resistance at $1.02 for the last 24 hours and its momentum indicators are flatlining.

The broader crypto landscape matters here, as Layer-1 and DeFi tokens have been riding Bitcoin's coattails through a choppy mid-September.

Smart money is long on FILE with a 66.2% bias, but the derivatives data also shows aggressive market sellers outpacing aggressive buyers in the spot tape.